Poor FTSE performance June 29th, 2008

The FTSE ended the week at 5,529.90 taking the fall for the first half of the year to 14.4%, the worst performance of the index since 1994 when it fell 14.6%. The continued sell-off of stocks came as oil hit $142.69 a barrel, news which reverberated around world markets. Analysts had initially predicted a poor start to the year, but with better prospects for the second half of 2008, however this optimism is waning and so it could be a bumpy ride all the way in to 2009.

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2 Responses to “Poor FTSE performance”

  1. bullmarkit.com Says:
    June 29th, 2008 at 1:30 pm

    Poor FTSE performance…

    Performance of the FTSE stock market looks set to be hampered by further rises in oil prices and inflationary fears….

  2. Online Trading Says:
    September 8th, 2008 at 12:45 pm

    Looks like we have seen a bounce now though (at least until the LSE system comes nack online!!!)

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